Kamis, September 14, 2006

Consideration of dispensing with American Company implementing the contract of oil-exportation meters

Asim Jihad, spokesman of the Ministry, said "The American Company had failed in keeping its promise to finish installing these meters; also, refusing to reveal the exact cost, except for saying that it is executing it within the American grant to Iraq and the sum of that grant is unknown to us too. This relieves the ministry from its obligation to it. Besides, many international companies presented good offers to implement the project in a record time due to its importance and also the desire of the Ministry to overpass this matter which raised a lot of talk.

What's worth mentioning here is that Iraqi oil sector has been accused of corruption because of the inability to install these meters in the loading ports up until now, after three years since the regime changed. This makes it possible to manipulate calculating the amount of crude oil exported from the Southern ports of the country.(Source)Dar Al-Hayat